• About
  • Advertise
  • Contact
Tuesday, March 3, 2026
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Labour

Subsidy Removals : Ogun To Re-activate Bulk Purchase Program, Convert Govt., Commercial Buses To CNG

...to sell grains, other food items at pre-regulation prices

Vital News by Vital News
July 25, 2023
in Labour, News
0
Subsidy Removals : Ogun To Re-activate Bulk Purchase Program, Convert  Govt., Commercial Buses To CNG
Share on FacebookShare on Twitter

 

Abeokuta – Governor Dapo Abiodun, of Ogun State on Tuesday announced plans by his administration to re-activate the state ‘Bulk Purchase Program’ under the state’s owned Gateway Trading Company.

Abiodun, who made the disclosure during a press interview in Abeokuta, said his administration will also introduce an agric and food palliative measure aimed “at supporting our farmers so that we can boost food production.”

According to the governor, the Bulk Purchase Program will allow the state government to purchase food items at pre-deregulation prices.

“In terms of food palliatives, we are now going to reactivate our Bulk Purchase Program under the Gateway Trading and through different channels and warehouses in different parts of the state.

RelatedStories

Ex-Agitators Praise Dennis Otuaro Over Scholarship Awards To 8,205 Students In Niger Delta

Nigeria Police Council Okays Appointment Of Tunji Disu As Inspector-General Of Police

Banditry : Rescued Pregnant Woman Gives Birth To Twin Girls In Kogi IDP Camp

ECOWAS Raises Alarm Over Gulf Escalation, Warns Of Economic Shockwaves For West Africa

“We will be selling food items like rice and other grains that we will be purchasing from the Central Bank of Nigeria at pre-deregulation prices,” he said.

The governor also said that the introduction of an Energy Transition Plan, which was conceived some months back by his administration would allow the state to migrate from depending on Premium Motor Spirit (PMS) or diesel to power public transportation , using Compressed Natural Gas (CNG).

Abiodun noted that the plan of his administration was to convert mini buses owned by individuals in the state to CNG at the expense of the state government because of the financial requirements.

He stated that the first set of CNG powered vehicles will be unveiled during the week.

“The Energy Transition Plan is something that we conceived six to eight months ago, and we have begun work in earnest on that.

“The Energy Transition Plan is a plan that allows us to migrate from depending on PMS or diesel to power public transportation and begin to migrate to using Compressed Natural Gas (CNG).

“I am proud to say that sometime this week, we will be unveiling the first set of vehicles that will be converted from using diesel to using Compressed Natural Gas. That process started some months back.

“The first set of vehicles that we will be unveiling are the state owned mass transit buses, staff buses, and then we will be converting our mini buses that are owned by different individuals in the state.

“Our plan is to convert these buses at our expense because of the financial requirements that may make it difficult for owners of public mass transit buses to do that conversion.

“So the state will convert those buses at our expense, and that itself is part of our intervention plan,” he said.

Abiodun also disclosed that an infrastructure initiative will be introduced by his administration that would allow community leaders, market women and religious bodies to identify three roads in their communities for immediate intervention such as reconstruction, repair or maintainance.

“We have what we call the Infrastructure Initiative. I have asked that each local government in unison with leaders in that locality, community leaders, market women, religious bodies identify three roads in each local government for us to immediately begin to either reconstruct, repair or maintain,” he said.

The governor further noted that the N10,000 allowance for civil servants and pensioners was to cushion the effect of the increased cost of transporting themselves to work.

He explained that hazard allowance, leave, peculiar allowances and promotion arrears would also be paid.

Abiodun also disclosed that civil servants have been asked to maintain about 80% presence in their various offices so that not everybody has to come to work every day.

He noted that his administration would be launching it’s E-mobility program, which he said would allow his administration to retrieve every petrol dependent motorcycle or tricycle and replace them with electricity operated motorcycles and tricycles.

“We announced that we will be paying a special allowance to all our civil servants, including our pensioner’s across board of N10,000.

“That was discussed, negotiated, and agreed by all, alongside with that are different payments of hazard allowance, peculiar allowances and promotion allowance.

“Some of these, particularly the N10,000 allowances, are allowances that we choose to pay that should be seen as a transport allowance to cushion the effect of the increased cost of transporting themselves to work.

“But, this is only an immediate term measure; we have a sustainable plan that we will be implementing that we believe will allow for transportation to revert back to the price before deregulation was introduced,” he said.

The state helmsman while commending President Bola Ahmed Tinubu for putting an end to the fuel subsidy regime in the country, added that the subsidy regime which took about N4 trillion from the coffers of the Federal Government was a payment which the country could no longer afford to continue with.

“We all know that the President Bola Ahmed Tinubu’s administration started with a bang.

“On the 29th of May, he reeled out a few initiatives, but one of the most laudable of those initiative was the decision to remove subsidy on petroleum products and as controversial as that initiative has been, no one can deny the fact that it was a very well thought initiative.

“That was a subsidy that Nigeria could no longer afford; it was subsidy that was not in the budget beyond June of 2023.

“It was costing Nigeria about N4 trillion  per annum, four trillion that Nigeria didn’t have; that we’ve had to borrow.

“That could be better expended to other uses that the common man can feel. So, it was a very wise decision,” he said.
(vitalnewsngr.com)

Tags: bulkgrainsOgunpurchase
Previous Post

Ogun Election : PDP Fails To Call More Witnesses, May Close Case Earlier, Tribunal Adjourns Sitting

Next Post

November 11 Guber Poll, A Referendum On Gov. Yahaya Bello’s Administration – Fanwo

Vital News

Vital News

RelatedStories

Ex-Agitators Praise Dennis Otuaro Over Scholarship Awards To 8,205 Students In Niger Delta
Education

Ex-Agitators Praise Dennis Otuaro Over Scholarship Awards To 8,205 Students In Niger Delta

March 2, 2026
Nigeria Police Council Okays Appointment Of Tunji Disu As Inspector-General Of Police
News

Nigeria Police Council Okays Appointment Of Tunji Disu As Inspector-General Of Police

March 2, 2026
Banditry : Rescued Pregnant Woman Gives Birth To Twin Girls In Kogi IDP Camp
Health

Banditry : Rescued Pregnant Woman Gives Birth To Twin Girls In Kogi IDP Camp

March 2, 2026
ECOWAS Reports Resilient Growth And Major Regional Achievements In 2025
National

ECOWAS Raises Alarm Over Gulf Escalation, Warns Of Economic Shockwaves For West Africa

March 1, 2026
13 Years After, NDLEA Nabs Wanted Lagos Drug Kingpin, Reginald Peter Chidiebere
Crime

13 Years After, NDLEA Nabs Wanted Lagos Drug Kingpin, Reginald Peter Chidiebere

March 1, 2026
Next Post
Kogi Guber Poll : Court Dismisses Achimugu’s Case Against APC, Ododo For Lack Of Merit

November 11 Guber Poll, A Referendum On Gov. Yahaya Bello's Administration - Fanwo

Dangote, Niger State, Partner On Fresh Investment Opportunities

Dangote Cement Donates 17 Boreholes To host Communities In Kogi 

Foundation Suggests Dialogue To Address Insecurity

Foundation Suggests Dialogue To Address Insecurity

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

I never asked Christians to go and buy guns – Pastor Adeboye

4 years ago

Good marriages, bedrock of strong society, great nation – Activist

4 years ago
Kogi INEC Office Ready As 1.6mln Voters Collect PVCs To Participate In Feb.25 Elections

Kogi INEC Office Ready As 1.6mln Voters Collect PVCs To Participate In Feb.25 Elections

3 years ago
Ododo Excited As CUSTECH Graduates Pioneer Students, Offers Automatic Employment To 20 Best Graduating Students

CUSTECH Graduates Charged To Be Good Ambassadors

3 months ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election FG Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu troops US
No Result
View All Result

Highlights

Nigeria Police Council Okays Appointment Of Tunji Disu As Inspector-General Of Police

One Dead, Five Missing, 12 Rescued As Nigerian Tugboat Sinks Off South Africa Coast

Banditry : Rescued Pregnant Woman Gives Birth To Twin Girls In Kogi IDP Camp

2027 : Hon. Bode Ogunmola Reiterates Support For Governor Ododo’s Second Term Bid

ECOWAS Raises Alarm Over Gulf Escalation, Warns Of Economic Shockwaves For West Africa

13 Years After, NDLEA Nabs Wanted Lagos Drug Kingpin, Reginald Peter Chidiebere

Trending

Adhere To MTEF To Strengthen Budget Credibility, Fiscal Discipline – FG To MDAs
Economy

Adhere To MTEF To Strengthen Budget Credibility, Fiscal Discipline – FG To MDAs

by Vital News
March 2, 2026
0

The Federal Government has directed Ministries, Departments, and Agencies (MDAs) to strictly comply with the Medium-Term Expenditure...

Dangote In New Investment Push, Targets Steel, Power, Ports Development

Dangote In New Investment Push, Targets Steel, Power, Ports Development

March 2, 2026
Ex-Agitators Praise Dennis Otuaro Over Scholarship Awards To 8,205 Students In Niger Delta

Ex-Agitators Praise Dennis Otuaro Over Scholarship Awards To 8,205 Students In Niger Delta

March 2, 2026
Nigeria Police Council Okays Appointment Of Tunji Disu As Inspector-General Of Police

Nigeria Police Council Okays Appointment Of Tunji Disu As Inspector-General Of Police

March 2, 2026
FG Cancels Independence Anniversary Parade

One Dead, Five Missing, 12 Rescued As Nigerian Tugboat Sinks Off South Africa Coast

March 2, 2026
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Adhere To MTEF To Strengthen Budget Credibility, Fiscal Discipline – FG To MDAs March 2, 2026
  • Dangote In New Investment Push, Targets Steel, Power, Ports Development March 2, 2026
  • Ex-Agitators Praise Dennis Otuaro Over Scholarship Awards To 8,205 Students In Niger Delta March 2, 2026

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In